Investing in bitcoins is dangerous as hell.
Can you say volatility?
Chris is big into bitcoins. I don’t like it for the same reason I don’t like stocks. PMs have too many advantages over paper.
If Chris got in early he did well IF he got out at the high.
But something that goes to a high of 264 and then crashes to below 60 in a day is nuts.
How would you like to be a vendor that excepts bit coins?
You would be crushed.
I love volatility. The more the better. My problem with bitcoins is that the market isn’t liquid. You can’t just sell when you want to.
For the most part I agree, however the past 5-6 years there have been some great opportunities for some nice quick cash. I made a few bucks with a few cheap stocks over the past few years, then took the money and put it back in to some more stable long terms.
Jim